73 | How to Create True Wealth with CPA and Financial Expert Mel Abraham

Jan 12, 2023

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In this episode of the Digital Business Evolution Podcast, Jess is joined by the incredible Mel Abraham.
 Mel is a CPA and founder of Thoughtpreneur Academy and Business Breakthrough Academy where he helps entrepreneurs bring their businesses into the world and build the lifestyle they truly want to live. After finding and conquering a cancerous tumor in his bladder in June 2019 Mel began to teach his The Affluence Blueprint to help entrepreneurs find financial liberation and peace of mind. This process is what he has used to build his business and more importantly focus on what is more important which is not money, but time. 

Jess and Mel talk all about the process of building actual wealth. Learn today about how marketers manipulate your emotions to buy, how to start taking back control of your business and time, destructive debt vs constructive debt and how important it is to separate your business account from your personal account. With all of these tactical tools Mel provides on this episode today you will be on your way to creating and living a truly affluent life!

As always, cheers to your evolution. 

Key Takeaways:

  • Learn how true wealth is built slowly and consistently. 
  • Learn how important it is to separate your business account from your personal account. 
  • Learn about getting an advisor rather than listening to the next tik tok video on financial advice! 

Key Timestamps

  • [3:36] – Battling cancer and how it shifted his business and life;
  • [7:40] – What is an asset?;
  • [10:12] – What is true wealth;
  • [23:02] – How to start taking back control of your time;
  • [36:56] – Business account and personal accounts;
  • [44:44] - What are your deductibles?

Episode Quotes

  • “We need to consider that it is no longer a luxury to have multiple streams of income…it is a necessity.” - Mel Abraham
  • “The True Currency of life is not what's in the bank account, it's what's on the clock, the time..” - Mel Abraham
  • “The reason why wealth creation is this methodical slow growth is because we actually have to grow to be responsible enough to be the stewart of it.” - Mel Abraham

Episode Resources

Connect with Mel Abraham

Connect with Jessica